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A comment on CEO pay and stock buybacks have soared at the largest low-wage corporations. Parent comment

Re:CEO pay and stock buybacks have soared at the largest low... by shortrounddev2 on Thursday August 21, 2025 @07:31PM (#44979445)
> This mechanism isn't dependent on CEO pay, because the CEO is always beholden to the shareholders, and shareholders always want more money

Legally the CEO has a fiduciary duty to the shareholders. In practice, can we honestly say that every CEO of a publicly traded corporation acted in the long term interests of EVERY shareholder and didn't just parasitically extract value from the company for themselves and a handful of LARGE shareholders? Facebook is essentially the personal property of Mark Zuckerberg

[ Parent | on HN ]
Re:CEO pay and stock buybacks have soared at the largest low... by singleshot_ on Thursday August 21, 2025 @08:05PM (#44979682)
> Legally the CEO has a fiduciary duty to the shareholders

The CEO has two fiduciary duties:

1) To act with appropriate information; 2) To avoid usurping corporate opportunities

The duty to make money for the shareholders is distinctly not a thing.

[ Parent | on HN ]